Plan Snapshot
- Plan Sponsor: Town Sports Group, LLC
- Sponsor EIN: 364865223
- Sponsor Address: 4300 US 1 SUITE 203-343, JUPITER, FL, 334771196
- Plan Type: 401(k)
- Total Participants: 282
- Total Assets: $1.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 282 | $1.1M | $0 | $445,595 |
| 2023 | 442 | $817,020 | $0 | $411,672 |
| 2022 | 374 | $550,711 | $0 | $346,166 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $11,747 | — | $11,747 |
| FRENDEL BROWN & WEISSMAN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRENDEL BROWN & WEISSMAN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,747
- Estimated Expense Ratio: 1.028% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $11,747 | — | $11,747 | — | — |
| 2023 | $6,673 | — | $6,673 | — | — |
| 2022 | $4,935 | — | $4,935 | — | — |